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I’ve been warning about a carbon asset bubble crashing fossil fuel stocks, and sea level rise risks crashing coastal property values.

Well, here’s Marisa Drew, of @CreditSuisse, on the “go to zero” scenarios:…
Fossil fuel. “There will be a day when the world can be 100% reliant on alternative energy. If you’re in an old school energy business and we hit that moment where we switch, guess what? The value of those old school investments isn’t going to be worth much.”
Coastal property. “In the past, that’s where everybody wanted to be— everybody wants to be on the water. But now you look at that & say, woah, wait a minute, if seas are going to rise 3ft in the next 20 years, those assets may not actually be worth as much.”
Remember “The Big Short,” the book and movie about the guy who predicted the mortgage collapse?

Well, he’s back, and his new bet is on the coastal real estate values crash...…
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